Neat stuff (non-lulz but interesting things)

[Kor]

http://www.mint.com/blog/goals/rent-vs-buy/

Intriguing article.

[Surf314]

http://www.mint.com/blog/goals/rent-vs-buy/

Intriguing article.

You have to compare full costs of ownership less equity to full costs of renting. Equity is hard to measure/predict though because it also includes increase in value.

[CaffeinePowered]

[quote author=Kor link=topic=1507.msg146862#msg146862 date=1271217037]
http://www.mint.com/blog/goals/rent-vs-buy/

Intriguing article.

You have to compare full costs of ownership less equity to full costs of renting. Equity is hard to measure/predict though because it also includes increase in value.
[/quote]

Your first home should not be treated as in investment, I do not live in a portfolio, my mutual funds can not keep me safe from the elements or store all the stuff I own.

The entire thought process of "Oh, I'll buy a home, it will increase in value and I'll be able to afford it" is the entire line of thinking that got us into this mess in the first place.

[at0m]

[quote author=Surf314 link=topic=1507.msg146892#msg146892 date=1271250100]
[quote author=Kor link=topic=1507.msg146862#msg146862 date=1271217037]
http://www.mint.com/blog/goals/rent-vs-buy/

Intriguing article.

You have to compare full costs of ownership less equity to full costs of renting. Equity is hard to measure/predict though because it also includes increase in value.
[/quote]

Your first home should not be treated as in investment, I do not live in a portfolio, my mutual funds can not keep me safe from the elements or store all the stuff I own.

The entire thought process of "Oh, I'll buy a home, it will increase in value and I'll be able to afford it" is the entire line of thinking that got us into this mess in the first place.
[/quote]Well that + fraudulent and/or irresponsible lenders. WaMu's current scandal is proof positive of that, they were heavy into ARMs because they were vastly profitable. But anyone with half a brain knows that ARMs aren't sustainable; after they explode, people just default all over the place :/

[Kor]

The intriguing aspect of the article is the philosophy behind the argument: In buying a house, you financially zero out decades after, but renting allows you(provided all things are equal) to simply live at the zero point. While renting, you have the potential ability to truly be financially free(or liquid, if you prefer) which is the ultimate end goal of being a homeowner in the first place. While I'll admit my knowledge in economics is limited, the appeal of not being under the thumb of a bank outweighs the societal expectation to have your own house.

[Surf314]

The intriguing aspect of the article is the philosophy behind the argument: In buying a house, you financially zero out decades after, but renting allows you(provided all things are equal) to simply live at the zero point. While renting, you have the potential ability to truly be financially free(or liquid, if you prefer) which is the ultimate end goal of being a homeowner in the first place. While I'll admit my knowledge in economics is limited, the appeal of not being under the thumb of a bank outweighs the societal expectation to have your own house.

That is true and should be factored more heavily into your decision.

[Surf314]

Also:
http://www.popsci.com/science/article/20...time-flies

[CaffeinePowered]

Shotgun Tazer Slug

[CaffeinePowered]

Some of the richest people -> "Tax us more"

[Surf314]

http://news.bbc.co.uk/2/hi/asia-pacific/4252692.stm

How can this be true?

[Kor]

http://news.bbc.co.uk/2/hi/asia-pacific/4252692.stm

How can this be true?

The old adage applies: It's not the voltage that kills you, but the amps. Human bodies has an incredible capacity for static electricity.

[Surf314]

[quote author=Surf314 link=topic=1507.msg146962#msg146962 date=1271268142]
http://news.bbc.co.uk/2/hi/asia-pacific/4252692.stm

How can this be true?

The old adage applies: It's not the voltage that kills you, but the amps. Human bodies has an incredible capacity for static electricity.
[/quote].

So this man became a walking power plant? Could he charge his cell phone by holding it?

[Kor]

Incredible capacity, but not conductivity. It's why flesh melts/chars when current passes through.

[at0m]

Incredible capacity, but not conductivity. It's why flesh melts/chars when current passes through.

Pretty much this, although amusingly the reason we HOLD static charge is because of our low conductivity ^_^ otherwise it would dissipate pretty much instantly.

[Dtrain323i]

Shotgun Tazer Slug

WANT

[Surf314]

http://www.npr.org/blogs/money/2010/04/i...ricas.html

[CaffeinePowered]

http://www.npr.org/blogs/money/2010/04/i...ricas.html

If you run that graph out further, like going all the way back to people like Carnegie (at least in his later 5 - 10 years), the marginal tax rate on the top portion of one's income got as high as 90%

http://www.truthandpolitics.org/top-rates.php

[Surf314]

[quote author=Surf314 link=topic=1507.msg147135#msg147135 date=1271351846]
http://www.npr.org/blogs/money/2010/04/i...ricas.html

If you run that graph out further, like going all the way back to people like Carnegie (at least in his later 5 - 10 years), the marginal tax rate on the top portion of one's income got as high as 90%

http://www.truthandpolitics.org/top-rates.php
[/quote]

That's how the laffer curve theory came about.

[Chief]

Chip Serving Lifehacks

fuck yeah, i always hated getting bowls

[Versus]

nice